Sony commences preparations for ~80% spin-off of financial services business in 2025
As announced at the Corporate Strategy Meeting for FY2023 held on May 18, 2023, Sony has been proceeding with the assessment of a partial…
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PowerX Raises JPY 9.5bn from Financial Institutions
PowerX has raised an additional JPY 9.5bn through loans from major Japanese financial institutions. The funds raised will be used to…
Mizuho Bank to invest in Credit Saison’s Indian subsidiary
Mizuho Bank, a subsidiary of Mizuho Financial Group, and Credit Saison have come to an agreement for Mizuho Bank and a subsidiary of Mizuho…
MUFG Bank takes 15.55% stake in WealthNavi, builds Money Advisory Platform
MUFG Bank, a consolidated subsidiary of Mitsubishi UFJ Financial Group, has executed an agreement on capital and business alliance with…
Japan FinTech Observer #46
Welcome to the forty-sixth edition of the Japan FinTech Observer.
B2C2 Acquires Luxembourg VASP Registration
B2C2, founded in 2015 and majority owned by Japanese financial group, SBI, has become the 12th virtual asset service provider (VASP) to be…
Digital Wallet Corporation acquires International Money Transfer Service from Seven-Eleven Group…
Global IT and fintech company, Digital Wallet Corporation (DWC), has reached an agreement with Seven Bank, a Japanese bank run by Seven & i…
Minto raises funds from NTT Docomo Ventures
Minto has raised funds through a third-party allocation of new shares to NTT Docomo Ventures.
Chintai Nexus launches All-In-One Real World Asset Platform
The Chintai Group has launched an all-in-one real world asset tokenization platform called Chintai Nexus. The application supports the full…
Zero One Bank adopts BaaS by GMO Aozora
01Bank (Zero One Bank, currently under preparation, subject to approval from relevant authorities) of Ikeda Senshu Holdings has decided to…
KONA I to introduce biometric smart cards with IDEX Biometrics in Japan
IDEX Biometrics and KONA I are partnering to deploy biometric payment and access cards in Japan. With credit card fraud reported by…
MUFG-backed ChargeAfter’s Lending Hub selected by Citi Retail Services
ChargeAfter, the embedded lending platform for point-of-sale financing announced that Citi Retail Services, one of North America’s largest…